European stocks rack up hefty gains as cyclicals rally

(Reuters) - European stocks racked up their best week in two months on Friday, with investors scooping up battered shares of banks, automakers and travel companies amid growing signs that the pandemic-hit global economy is recovering. The pan-European STOXX 600 ended the day 2.5% higher, getting an afternoon boost from data that showed U.S. economy unexpectedly added jobs in May after suffering record losses the prior month.Euro zone blue chip stocks jumped 3.8% and the bloc's lenders rallied..